Humanity has a great ability to complicate things. Things that are not meant to be complicated to begin with. But we over analyse, criticise, dissect, breakdown and do all manner of data analytics to try and get ahead. In the cut and thrust of a highly competitive business world, us business owners are always looking for an advantage over others. Yet we forget the fundamentals, the foundations that all solid businesses are built on.
Firstly, a quick disclaimer. I have been doing some valuations lately where the quality of financial reports presented to me has been on the poor side and contain several clear errors. So, to slay these dragons (yes, I am a GOT fan) I thought its best to write about it so hopefully you don’t make the same mistakes.
Do Turf Protection Strategies Really Work?
It is interesting to see the response of any industry to a threat, and particularly how some individuals respond. With every industry there are always threats, and if you are heading into business ownership, this is a reality you must face. In pharmacy land particularly in WA with the growing presence of Chemist Warehouse (CW), the overwhelming response has been fear and defensiveness.
In recent weeks I have noticed that my inbox is being filled with headlines that include the words CHEMIST WAREHOUSE and AMAZON. I can (once again) sense discomfort within the pharmacy industry. There are always conversations both negative and positive about the future of community pharmacy. At Peak Strategies we argue the later, the positive. Of course, we know there are some major hurdles to overcome, however we understand the need for community pharmacy.